Sidley Represents RenaissanceRe in US$1.39 Billion Common Stock Offering

On May 26, 2023, RenaissanceRe Holdings Ltd. (“RenRe”) completed a US$1.39 billion common stock offering (inclusive of the exercise of the green shoe) led by Morgan Stanley and Goldman Sachs.

Rob Ryan spearheaded the Sidley Capital Markets team, which also included Nick DeAngelis, Tanner Groce, Patricia Wood, Kasia Robak, Jennifer Lin, Ashley Wong, and Robert Uhl (M&A). The proceeds of the offering will be used to fund part of the purchase price of RenRe’s acquisition of American International Group Inc.’s treaty reinsurance business, which was handled by a Sidley team led by Karen Dewis (M&A) and Sean Carney (Insurance).